NatWest Group plc Q3 2025 Earnings Recap

NatWest Group reported robust Q3 results with a 12.5% year-on-year income growth, driven by strong lending and strategic customer integration, as it revised its full-year guidance upwards.

Key Takeaways

• Total income reached GBP 12.1 billion for the first nine months, 12.5% higher than last year, with Q3 seeing a 3.9% increase excluding notable items.
• Lending growth was strong at 4.4% year-to-date, reaching GBP 388 billion, with significant contributions from both mortgage and unsecured lending.
• Return on tangible equity improved to 19.5% YTD, with Q3's ROE at 22.3%, driving confidence in full-year returns exceeding 18%.
• Noninterest income rose 14.5% to GBP 56 billion, bolstered by increased fees from payments and a robust capital markets performance.
• The CET1 ratio stands strong at 14.2%, supporting both customer lending and planned shareholder returns through a GBP 750 million share buyback program.